Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Market updates
Bitget Bites (December 23, 2022)

Bitget Bites (December 23, 2022)

Beginner
2022-12-23 | 5m

The global market cap is standing at US$814 billion, showing a 0.38% increase from yesterday and the 24-hour volume also went up by 16.55% to US$29.60 billion. Our report on activities of the Spot Market and Futures Market are below:

Spot Market Updates

Bitcoin has been trading between US$16,885.88 and US$16,599.91 within the last 24 hours. As of 3:30 AM UTC, BTC price stands at US$16,861.51, which is a 0.07% increase compared to Ethereum's 0.79% increase.

Altcoin prices are seeing green, with no altcoin in the Top 10 trading above the volume of US$1 billion.

The highes t price and lowest price levels of BGB in the last 24 hours were US$0.1954 and US$0.1869, respectively.

Bitget Bites (December 23, 2022) image 0

The Top 3 Gainers of The Day are Synapse (SYN), pSTAKE (PSTAKE), and StreamCoin (STRM):

1st Place

SYNUSDT: Up by 9.07%

Synapse is an interoperability protocol designed for safely and securely sending arbitrary data between blockchains. SYN is trading at a current market price of US$0.5531, having touched a high of US$0.5825 and a low of US$0.4236 in the past 24 hours.

2nd Place

PSTAKEUSDT: Up by 7.49%

pSTAKE is a liquid staking solution that unlocks the true potential of PoS tokens by unlocking liquidity of staked assets. PSTAKE is trading at a current market price of US$0.6697, having touched a high of US$0.06745 and a low of US$0.05955 in the past 24 hours.

3rd Place

STRMUSDT: Up by 5.59%

StreamCoin is built to power the ecosystem of live streaming platforms by providing new and unique features. STRM is trading at a current market price of US$0.0151, having touched a high of US$0.0152 and a low of US$0.0134 in the past 24 hours.

Meanwhile, the Top 3 Losers include BTTUSDT">CSTUSDT (-34.06%), CMPUSDT (-15.36%), and KINUSDT (-13.85%).

Futures Market Updates

Future activities are warming up, with the Open Interest (OI) of all cryptocurrencies now recorded at US$3.66 billion, equivalent to a 3.71% 24-hour increase. The aggregated futures volume saw a 45.90% increase to US$352 billion.

Bitget Bites (December 23, 2022) image 1

Bitcoin remained the most popular underlying asset for Futures traders and, obviously, the most liquid market: Bitcoin OI Dominance accounts for 68% of the total OI, now standing at US$2.50 billion, which shows a 4.64% increase from yesterday. The daily volume of Bitcoin contracts increased by 20.21% to US$172,760.25. Funding rate of the last cycle stands at 0.0000%.

Bitcoin Long/Short Ratio reflects the market sentiment on this flagship coin, now bearish at 43.0%/57.0%. Most BTC long ETFs locked in a price increase yesterday, same goes for the highly anticipated ProShares' Short Bitcoin Strategy ETF (BITI), which closed the day at US$39.77 from the opening price of US$39.74.

Interesting Topics

Why You'll Need Crypto Delivery Contracts: A Must-Have Manual For Traders

Digital Assets Could Become A Safe Haven Against An Economic Downturn

Why Most Traders Lose Money

Follow Us For More Insights: Twitter | Telegram | LinkedIn | Facebook | Instagram

Share
link_icon
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now
We offer all of your favorite coins!
Buy, hold, and sell popular cryptocurrencies such as BTC, ETH, SOL, DOGE, SHIB, PEPE, the list goes on. Register and trade to receive a 6200 USDT new user gift package!
Trade now